Solutions

Statistical data show that more than thirty million of the Russians own
summer houses. Since summer house is a real estate similar to conventional town
house or apartment, the appraisal of summer house value is required in many
cases.
The appraisal of summer house value is an individual process. Almost all of the
buildings have unique arrangement that complicates their comparison and, thus, downplays
the comparable approach when reconciliation of results is required. When
calculating the summer house value the land lot value shall be also considered
that results in analysis of two items: land lot with all its peculiarities and
buildings placed on such land lot.
In order to appraise a summer house, the appraiser normally uses all the three
approaches: cost approach, income approach and comparable approach.

The appraisal of garages is aimed to determination of their faithful value
including value of the land lot where the garage is placed. Currently, the industrial
and the private garages as well as the buildings included in the property of
the garage consumer cooperative societies are subject to appraisal.

Garage appraisal is required for entering into sale
and purchase transactions, garage abandonment or resolution of disputes pertaining
to the real estate.

Now, the three approaches are used to determine the value of a garage (parking
space): cost approach, income approach and comparable approach. The optimal
result of garage appraisal is achieved when these three approaches are used
together.

The
cottage market is one of the most dynamic and prospective real estate market
segments.

Recently, the significant increase in mortgage transactions has been observing
on the cottage market.

It is necessary to point out that a mandatory condition for receiving a loan
from a bank is performance of independent appraisal of the cottage market value.

In the course of appraisal of a cottage, many factors should be considered including,
but not limited to, quality of soil and water, availability of utilities,
distance from railway stations and cities, etc. Many buyers pay especial attention
to the quality of access ways, status value of the area and availability of
well-developed infrastructure. All these factors have effect on the cottage
cost estimate.

With the help of professional appraisers, you will have adequate valuation of a
cottage that allow you to buy or sell the real estate at the objective price.

Anyone
who wants to buy, sell or swap an apartment should, at first, appraise it.
Obviously, everyone can appraise an apartment by rule of thumb but it is better
to delegate to do this to an expert.

In order to appraise the value of an apartment accurately, many factors should be
considered, such as location and type of house, distance from the downtown, yard
square, availability of welcomers, etc. In addition, the reports on appraisal
of apartments prepared by the professional appraisers are accepted for review
by the credit departments of banks, the courts and the other organizations and
governmental authorities.

Due to the increase in mortgage loan activity in Russia, the appraisal of apartments
has become one of the most much-in-demand types of appraisal.

One may
consider the assets under construction as unsuccessful implementation of investment
projects when the investors who are prone to higher risks failed to attain their
targets under unfavorable investment market conditions. In order to return at least
a part of their investments, many of them are ready to abandon the projects
launched and to sell the assets under construction to more entrepreneurially
inclined buyers.

Experience shows that conventional approach to appraisal of the assets under construction
at the cost value does not reflect interests of the players in the current
market. Therefore, the market of assets under construction is stagnating for a long
time, and the assets under construction cannot find their buyers.

Cooperation with our firm in appraisal of the assets under construction will
help you to dispose your assets in the most efficient way or to make a decision
on advantages/disadvantages of your investments.

Value of capital invested in real estate varies with time due to such factors
as inflation, demand for specific kinds of real estate and physical, functional
and economic depreciation. Therefore, the appraisal of real estate plays the
key role for making decisions on investment in the commercial real estate.

Our experts have extensive experience in appraisal of commercial real estate.
In the course of our appraisal we consider all the factors that have effect on
the price of your real estate and prepare our opinion based on only the exact,
sound, unbiased and up-to-date information.

UKey-Appraisal is a partner of more than twenty banks. Our appraisal reports always
successfully pass the checks performed by credit committees and some of our
partner banks accept for review only the reports made by our firm.